Lesaka Technologies (NASDAQ:LSAK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Lesaka Technologies (NASDAQ:LSAK) to a hold rating in a research report released on Saturday morning.

Several other research firms also recently weighed in on LSAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lesaka Technologies in a research report on Thursday, January 22nd. Zacks Research upgraded Lesaka Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lesaka Technologies presently has a consensus rating of “Reduce”.

Lesaka Technologies Stock Down 2.2%

Shares of NASDAQ LSAK opened at $4.41 on Friday. The firm has a market capitalization of $370.09 million, a PE ratio of -7.00 and a beta of 0.47. The firm has a fifty day simple moving average of $4.54 and a two-hundred day simple moving average of $4.38. Lesaka Technologies has a 12 month low of $3.39 and a 12 month high of $5.10. The company has a current ratio of 1.57, a quick ratio of 1.43 and a debt-to-equity ratio of 1.09.

Lesaka Technologies (NASDAQ:LSAK) last announced its earnings results on Wednesday, February 4th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. The business had revenue of $93.40 million during the quarter, compared to the consensus estimate of $166.00 million. Lesaka Technologies had a negative net margin of 7.87% and a negative return on equity of 28.23%. Lesaka Technologies has set its FY 2026 guidance at 0.260-0.260 EPS. Equities analysts expect that Lesaka Technologies will post -0.16 earnings per share for the current year.

Insider Activity

In other news, CFO Daniel Luke Smith purchased 11,503 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average price of $4.40 per share, for a total transaction of $50,613.20. Following the completion of the acquisition, the chief financial officer owned 23,500 shares of the company’s stock, valued at approximately $103,400. This trade represents a 95.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Ali Mazanderani acquired 1,800,000 shares of Lesaka Technologies stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of $5.00 per share, for a total transaction of $9,000,000.00. Following the completion of the acquisition, the chairman directly owned 2,325,115 shares in the company, valued at $11,625,575. This trade represents a 342.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 1,830,500 shares of company stock valued at $9,130,204. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Lesaka Technologies

A number of hedge funds have recently added to or reduced their stakes in LSAK. Susquehanna International Group LLP purchased a new position in Lesaka Technologies during the 3rd quarter valued at about $74,000. Citadel Advisors LLC boosted its stake in shares of Lesaka Technologies by 26.4% during the third quarter. Citadel Advisors LLC now owns 18,977 shares of the company’s stock valued at $79,000 after purchasing an additional 3,959 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC bought a new stake in Lesaka Technologies during the 2nd quarter valued at $595,000. Potomac Capital Management Inc. bought a new position in shares of Lesaka Technologies in the 4th quarter worth $4,766,000. Finally, Rathbones Group PLC lifted its stake in shares of Lesaka Technologies by 90.2% during the 2nd quarter. Rathbones Group PLC now owns 3,419,420 shares of the company’s stock worth $15,353,000 after purchasing an additional 1,622,088 shares during the last quarter. 24.19% of the stock is owned by hedge funds and other institutional investors.

Lesaka Technologies Company Profile

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.